Trump Eyes 'Crypto Czar', Bitcoin Surges 45% to Near $100,000

Nov 22, 2024, 04:45 PM

Former President Donald Trump, following his recent election victory, is considering the establishment of a 'crypto czar' position within the White House. This move has spurred a significant surge in Bitcoin's value, with the cryptocurrency reaching a new all-time high, approaching $100,000, due to expectations of more lenient regulations for digital assets. Industry analysts note that this surge is different from previous crypto hypes, with its impact spreading across Asia. Mark Uyeda, a potential SEC chair under Trump, advocates for regulatory sandboxes in the crypto sector. Bitcoin has seen a 45% increase in value since Trump's win.